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  Chase Business Loans

Chase Business Loans

in Business Loans from Chase Bank

Claimed

Chase Business Loans

Claimed

in Business Loans from Chase Bank

Net Recommendation Score -50%

SUPERMONEY NET RECOMMENDATION SCORE

-50%

Recommendation score measures the loyalty between a provider and a consumer. It's at 100% if everybody recommends the provider, and at -100% when no one recommends.

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1 user recommends
0 users are unsure
3 users don't recommend
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Highlights
Community Rating

Rating not yet determined  

Loan Amount Starting at $5,000
APR  (Fixed APR) N/A
Loan Term (Months) N/A

Chase Business Loans Review

Chase Business Loans is a business financing offering by Chase Bank, based in New York, NY. Founded in 1877, Chase Bank offers access to business loans in 23 states across the USA.

Chase Business Loans FAQ

What are Chase Business Loans’s rates?

Chase Business Loans offers a fixed APR business financing product but they do not disclose their rates.

Does Chase Business Loans charge an origination fee?

Yes, Chase Business Loans charges a loan origination fee.

What limitations does Chase Business Loans set on the purpose of the loan?

Chase Business Loans considers loan applications for business purposes, such as:

  • Business Debt Refinance
  • Equipment Purchase
  • Lease Improvement
  • New Location
  • Product or Service Expansion
  • Working capital

What types of business loans does Chase Business Loans offer?

Not all business loans are made equal. The type of loan you choose will determine the range of rates and terms you receive. Chase Business Loans provides access to the following business loan types:

  • Unsecured term loans
  • Lines of Credit
  • SBA Loans
  • Merchant Cash Advances

Does Chase Business Loans charge prepayment fees?

No, Chase Business Loans does not charge prepayment fees. This means you will not have to pay additional fees if you decide to pay the loan off early.

How much can you borrow from Chase Business Loans?

Loan amounts start at $5,000.

What do you need to qualify for Chase Business Loans?

Chase Business Loans does not require borrowers to have been in business for a minimum number of years. Businesses don't have to meet a minimum annual revenue to be considered.

Applicants with a credit score of at least 560 and up to 850 may be eligible for Chase Business Loans.

The Military Lending Act (32 C.F.R. § 232) prohibits lenders from charging service members more than 36% APR on credit extended to covered borrowers. APRs for the Chase Business Loans product fall outside of the MLA limits and as a result the product cannot be issued to these applicants. Active duty service members and their covered dependents are considered “covered borrowers" under the Military Lending Act.

U.S. citizens are, of course, eligible for the services offered by Chase Business Loans. Permanent resident / green card holders are also eligible to apply.

To qualify, applicants may need to provide the following documentation:

  • Proof of income
  • Proof of identity
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Editorial Disclaimer: Editorial and user-generated content on this page is not provided or commissioned by the issuer. Opinions expressed here are the author’s alone and have not been approved or otherwise endorsed by any financial institution, including those that are advertising partners.

Availability

  Available in 23 states
  • Arizona
  • California
  • Colorado
  • Connecticut
  • Florida
  • Georgia
  • Idaho
  • Illinois
  • Indiana
  • Kentucky
  • Louisiana
  • Michigan
  • Nevada
  • New Jersey
  • New York
  • Ohio
  • Oklahoma
  • Oregon
  • Texas
  • Utah
  • Washington
  • West Virginia
  • Wisconsin

Feature Breakdown

No Prepayment Fee  
Credit Score Range 560 - 850
Immigration Status Considered
  • U.S. Citizen
  • U.S. Permanent Resident
Military Status
  • Non-Military
  • Veterans
Verification Documents Required
  • Proof of Income
  • Proof of Identity
Approval Speed 12 hours
Loan Amount Starting at $5,000

Chase Business Loans Community Reviews

 

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SUPERMONEY NET RECOMMENDATION SCORE

-50%

Recommendation score measures the loyalty between a provider and a consumer. It's at 100% if everybody recommends the provider, and at -100% when no one recommends.

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